Major Milestones definition
Major Milestones means the dates set forth in Appendix B.
Major Milestones are those items that are project-specific critical path items that are created to meet State and Federal requirements, keep the project on schedule and to fiscally manage the project costs.
Major Milestones means one or more major milestones as set forth in Appendix H hereto.
Examples of Major Milestones in a sentence
From the date of execution of this Agreement through the Commercial Operation Date, the Seller shall supply progress reports to the Department monthly, within fifteen (15) Days after the end of each month, describing progress toward completion of the Major Milestones.
The Key Performance Indicators are the achievement of Major Milestones as outlined in Section 8 of this schedule.
From the date of execution of this Agreement through the Facility Completion Date, Seller shall supply progress reports to Department monthly, within fifteen (15) Days after the end of each month, describing progress toward completion of the Major Milestones.
In furtherance of Seller’s obligation, Seller shall reasonably endeavor to achieve each of the interim Major Milestones set forth in Exhibit C on or prior to the applicable date set forth for such Major Milestone.
At no cost to the General Contractor, the Contractor shall promptly review the General Contractor's proposal and provide the General Contractor, within five (5) days thereafter, with notice in writing of the effect, if any, such proposed Change would have on the Contract Price, the Substantial Completion Deadline, the Contract Deadline, and the schedule of Major Milestones.
More Definitions of Major Milestones
Major Milestones means the fulfillment of the following milestones for the Project as determined by Lender in its sole but good faith discretion: (i) Substantial Completion shall have occurred no later than the Substantial Completion Due Date; and (ii) Completion shall have occurred no later than the Completion Due Date. “Major Trade Contract” means, (a) each of those certain agreements, dated as of August 1, 2020 and November 1, 2020, between Mortgage Borrower and Project Manager, or (b) each Trade Contract, (i) if such Trade Contract has been executed prior to the Closing Date, under which there are Costs remaining to complete after the Closing Date equal to or in excess of $1,000,000, and (ii) if such Trade Contract is executed from and after the Closing Date, that has a contract or purchase price, as the case may be, whether initially or thereafter by virtue of any Change Order or Change Orders, equal to or in excess of $1,000,000; provided that, for purposes of this definition, multiple Trade Contracts with a single Trade Contractor, or an Affiliate thereof, as the case may be, shall be deemed to be one Trade Contract. “Major Trade Contractor” means any Trade Contractor under a Major Trade Contract. “Major Trade Contractor Consent” means each consent and agreement required pursuant to the terms of this Agreement to be executed and delivered by a Major Trade Contractor to Lender in substantially the form attached hereto as Exhibit B with respect to any Major Trade Contracts entered into by and between Mortgage Borrower and any Major Trade Contractor, which, in each case, shall be, in form and substance reasonably acceptable to Lender and the applicable Major Trade Contractor, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms and conditions of this Agreement. “Management Agreement” means any property management agreement entered into in accordance with the terms of this Agreement between Borrower or Mortgage Borrower and a Qualified
Major Milestones means the fulfillment of the following milestones for the Project as determined by Lender in its sole but good faith discretion: (i) Substantial Completion shall have occurred no later than the Substantial Completion Due Date; and (ii) Completion shall have occurred no later than the Completion Due Date.
Major Milestones. “Minimum Rate” means the Rate Index Floor plus the Spread. “Monthly Debt Service Payment Amount” means, as of any Payment Date, all accrued and unpaid interest that has accrued on the Outstanding Principal Balance at the Interest Rate for the Interest Accrual Period in effect as of the day immediately preceding such Payment Date. “Moody’s” means ▇▇▇▇▇’▇ Investors Service, Inc. “Mortgage Funding Share” means 64.71%. “Net Operating Income” means, for any period, the amount obtained by subtracting Operating Expenses for such period from Operating Income for such period. “Net Proceeds” means (a) with respect to the occurrence of a Casualty, the net amount of all insurance proceeds payable under the Policies required pursuant to Section 6.1(a) hereof as a result of the applicable damage or destruction, after deduction of Lender’s reasonable costs and expenses (including, but not limited to, reasonable legal fees), if any, in collecting same (but not including the proceeds of any business interruption insurance), and (b) with respect to the occurrence of a Condemnation, the net amount of any payments received from the applicable Governmental Authority on account of such Condemnation, or in any transaction or proceeding in lieu thereof, after deduction of Borrower’s and Lender’s reasonable costs and expenses (including reasonable legal fees), if any, in collecting same. “Net Proceeds Reserve Account” has the meaning set forth in Section 6.4 hereof. “Net Proceeds Threshold” means the sum of One Million and No/100 Dollars ($1,000,000). “Non-Lienable Work” means work conducted at, or for the benefit of, the Property, with respect to which work, no Person shall have the right under applicable Legal Requirements to file or record a Lien against the Property in respect of any non-payment of amounts due and owing to such Person.
Major Milestones the date(s) set forth in Exhibit C by which Seller agrees to achieve the corresponding result(s) specified for such date(s), including, but not limited to, the Commercial Operation Milestone.
Major Milestones means the fulfillment, of the following milestones, as determined by Agent in its sole and absolute (but good faith) discretion: (a) with respect to the Phase Zero Renovation Project, Final Completion shall occur no later than February 28, 2025, (b) with respect to PIP Project Phase 1, Final Completion shall occur no later than December 31, 2025, and (c) with respect to PIP Project Phase 2, Final Completion shall occur no later than December 31, 2026; provided, in each case of clauses (a), (b) and (c), the date required for Final Completion of a Project shall be extended (i) to such applicable later date required for Final Completion of such Project as agreed to between Borrower(s) and Sheraton Hotel Manager in an amendment to the 2025 Hotel Management Agreement, and (ii) to the extent of applicable Force Majeure.
Major Milestones means the fulfillment, of the following milestones, as determined by Agent in its sole and absolute (but good faith) discretion: (a) with respect to the Phase Zero Renovation Project, Final Completion shall occur no later than February 28, 2025,
Major Milestones means all of the following (each of which may be referred to in the singular as a "Major Milestone"):